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"We had taken Healy Consultants assistance in incorporating our entities in some of the complicated jurisdictions. Their approach right from the beginning has been very systematic, clear and efficient. It has been a pleasure to work with all of them."

"Thank you Healy Consultants for swiftly project managing my engagement. From the moment I met you in Singapore Healy Consultants attended to my requirements and specific needs. I am more than satisfied with your service. Moreover, your weekly updates allowed me to continue to focus my attention on my global business while trusting you to deliver as promised."

"Thank you Healy Consultants, you were instrumental in setting up of my Hong Kong based company, the whole process was completed in a professional and timely manner."

Terry Skews, CEO Brittany Offshore Limited

"Healy Consultants, a professionally managed firm with clear understanding and knowledge about what client expects from them and delivers the same in a professional and timely manner. Kudos to their team."

"Incorporating any company is comparable to setting the foundation blocks of your new company building, which you aim to build in the best location available. By choosing Healy Consultants you are laying the perfect foundations."

"The one word that defines Healy Consultants is perfect professionalism. If you have Healy to set up your business abroad, you could focus on the operational overhead and let Healy take care of the rest. From Incorporation to Taxation, it’s a one stop solution. Rest assured, you will have the best people in the Industry working for you and providing you with the best possible information and suggestions."

Raja Chakraborty, Director Streamlyn Pte. Ltd.

"Thank you Healy Consultants for successfully project managing our business set up in Kuwait, Lebanon, Qatar and Bahrain."

"When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now."

"Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years."

Susan Gunnery, Managing Director Qudoss Group

"Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details."

"Not only did Healy Consultants have expert knowledge of local requirements, they also understood my needs as a foreigner, which is something lacking with the Singaporean consulting firms I spoke to. They drove the process from start to completion. I’m more than satisfied with the service."

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Advantages and disadvantages

Advantages of Estonia company registration

Registration of a company in Estonia can be completed with only i) one shareholder and ii) one director, who both can be foreigners and reside elsewhere than Estonia. The minimum paid-up capital is €2,500 and the incorporation procedures can be completed within 1 ½ months;

Our Client’s company in Estonia will benefit from low operational costs because:

Their company will benefit from labor costs of only €10 per hour, the 10th lowest amongst all European countries;

Tallinn, the capital city of Estonia, is the second cheapest capital in the European Union after Zagreb for the cost of renting an office: average rental price for its CBD only amounts to €13 per square meter according to Cushman and Wakefield’s latest research report;

Foreign corporations can use Estonia’s free trade zones as a hub to export their products across the globe. According to the Law of Estonian Republic, customs duties, excise taxes nor VAT are not applicable to goods in transit and stored within the Free Zone for up to three years.

Profits realized by an Estonia company are not subject to any income tax in Estonia provided the income is re-invested in the same company or kept in the company’s corporate bank account. This “upside down” tax system allows entrepreneurs and investors to re-invest all their income into the development of their businesses without any deductions by the government;

Corporate income tax in Estonia can be deferred without any time limitations until such a time the company wishes to distribute it’s profits abroad;

Disadvantages of Estonia company registration

While companies registered in Estonia have access to the whole European Union market without any custom duties, the country’s domestic market offers limited opportunities, due to a population of only i) 1.3 million and ii) and annual purchasing power of less than US$20,000 per person;

Estonian’s taxes higher than one would expect from an Eastern European country: corporate income tax and VAT rates are both fixed at 20%. Employers must also remit social contributions averaging 33% of their employees’ gross salaries;

The English literacy rate in Estonia is below 30%. Consequently, language is a barrier when conducting business and communicating with employees.

Best uses for an Estonian company

Estonia is a stable and dynamic location for investing in the EU for the following reasons:

Since joining the European Union (EU) in 2004, the Estonian government has maintained liberal policies; foreign investors have equal rights and obligations as local entrepreneurs. All foreign investors may establish a company in Estonia in the same way as local investors, no special restrictions are applied;